Arizona Real Estate License Practice Exam 2026 - Free Real Estate Practice Questions and Study Guide

A pocket listing refers to a property that is not listed on the Multiple Listing Service (MLS) but is known to a select group of prospective buyers, often through direct communication by the listing agent. In this scenario, where the licensee calls a select list of individuals to inform them about the available home without making it publicly accessible through the MLS, it exemplifies the concept of a pocket listing effectively. This practice allows sellers to maintain privacy and control over the marketing process while targeting specific buyers who may be interested in the property.

The other choices do not accurately reflect the definition of a pocket listing. The option that describes placing an ad in the newspaper without the brokerage name involves a listing but is not specifically categorized as a pocket listing since it is still exposed to the public, albeit in a non-standard format. The mention of a "coming soon" sign indicates that the property is being promoted publicly, making it different from the private nature of a pocket listing. Lastly, placing a yard sign without brokerage affiliation leans towards a For Sale By Owner (FSBO) arrangement rather than a pocket listing, as it suggests the property is listed without formal representation.